Beazley (LON:BEZ) Stock Price Up 40.5% – Should You Buy?

Beazley plc (LON:BEZ) traded up 40.5% during trading on Tuesday . The company traded as high as GBX 1,195 and last traded at GBX 1,152.45. 15,440,655 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 7,449,580 shares. The stock had previously closed at GBX 820.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BEZ. Jefferies Financial Group increased their price objective on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada increased their price target on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Citigroup downgraded shares of Beazley to a “neutral” rating and boosted their price objective for the company from GBX 1,025 to GBX 1,280 in a research report on Thursday. Berenberg Bank reduced their target price on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 900 price target on shares of Beazley in a research note on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,074.17.

Beazley Stock Performance

The company has a market cap of £6.66 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a fifty day moving average of GBX 844.03 and a two-hundred day moving average of GBX 861.06.

About Beazley

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.